Tax Tips for 2011 – 6 Last Minute Tax Saving Tips
December 27th, 2011This time of year, clients call for last minute tax guidance that will help them maximize their returns. While we advise our clients on a year round basis – not just at tax time – here are a few last minute tips you might find helpful. Here are a few things you can do in the next couple of days that may save you some 2011 tax dollars: 1) Make a charitable contribution. If the last minute contribution is for more than $250, it must be documented by a contemporaneous acknowledgement from the donor organization. 2) Make a contribution to an IRA, 401(k) or other retirement account. Most retirement plans actually give you up until April 15, 2012 to make a contribution as long as you designate that … Continue reading